Overview of Gold and Base Metal Explorer, Great Western Exploration Limited

West Perth-based, Great Western Exploration Limited (ASX:GTE) is a gold and base metal exploration company with primary focus on the Northern Yilgarn area. In the region, the company has five projects, namely Yandal West Gold Project, Yandal South Project, Lake Way Potash and Lithium Brine Project, Fairbarn Project, and Yerrida North JV Tenure.

Yandal West: At the Yandal West Gold Project located within the world-class Yandal gold belt, the company has identified three large highly prospective gold-bearing shear zones with a combined strike of approximately 21km, i.e. Ives Find Shear Zone, May Queen Shear Zone and Harris Find Shear Zone with VMS style mineralisation.

· Ives Find Shear: 2m @ 5.87 g/t gold (incl. 1m @ 11.1 g/t gold) from 74m.

· Harris Find target: 2m @ 7.75 g/t gold (incl. 1m @ 15.1 g/t) from 20m.

· May Queen East target: 2m @ 3.89 g/t (incl 1m @ 7.3 g/t) gold from 3m.

In addition to above, new high-grade gold target has been identified with rock chip samples returning 23.5 g/t gold and encountering VMS style mineralisation.

Good Read: Rich Gold Grade at Yandal West: Sampling Confirms, Stock Skyrockets 33%

Yerrida: Yerrida consists of two projects, i.e. Yerrida South and Yerrida North JV. At the Yerrida South project, the company is exploring for copper, nickel, zinc, gold and vanadium, and has identified a new vanadium district with grades up to 1.6% V₂O₅.

Yerrida North, which is a joint venture between Great Western and Sandfire Resources NL (ASX:SFR), is considered prospective for copper-gold, copper-cobalt, nickel-cobalt and gold mineralisation.

Lake Way Potash and Lithium Brine Project: Lake Way is one of the premium potash districts of Australia and has historically reported high grades, i.e. K₂O₅ @ 200 kg/m³. The company acquired the area after it was identified to be potentially prospective for lithium brines.

Fairbarn: The Fairbarn project is prospective for sedimentary hosted copper-cobalt mineralisation and Proterozoic gold, with ore being porphyry and volcanogenic massive sulfide (VMS) deposit for Proterozoic copper.

GTE’s primary focus remains on the assessment of VMS and drilling campaign at Yandal West Gold Project along with Yerrida South Project identifying a new vanadium district.

In the milieu of which, it is quintessential to analyse the company's key management and background to explore the synergy between the company's strategy and essential competencies.

Great Western Exploration is managed by a distinguished and experienced team with a demonstrated history of generating shareholder value.

Mr Kevin Somes – Chairman

A Chartered Accountant (FCA), Mr Kevin Somes has extensive experience in the management of exploration companies. His work tenure includes several business ventures covering mining, aquaculture, hotels and taverns, whiskey production, etc.

A Rotarian, Mr Somes was associated with Somes & Cooke Chartered Accountants (one of the founding partners).

Mr Jordan Luckett – Managing Director

Mr Jordan Luckett has a degree in Bachelor of Science and is an active member of the Australian Institute of Mining and Metallurgy. He has more than 25 years of experience in both mining and exploration geology across North America, Central Asia, West Africa and Australia. He was also involved in many discoveries while working at senior roles in Equigold NL and Delta Gold NL.

Additionally, while working with Battle Mountain, he led the team to develop the Bulchina gold deposit.

Mr Terry Grammar – Non-Executive Director

Mr Terry Grammar is one of the most successful exploration geologists in Australia and has more than 40 years of experience. He played a major role in the discovery of extremely prospective Cosmos nickel deposit, for which Mr Grammar jointly won the AMEC Prospector of the Year award in 2000.

He was a co-founder of Western Areas NL, an immensely successful nickel miner, and a Board member of Sirius Limited, which made highly prospective Nova nickel discovery.

Mr Rimas Kairaitis – Non-Executive Director

A geologist, Mr Rimas Kairaitis has more than twenty-five years of extensive experience in mineral exploration and resources development in gold, base metal and industrial minerals. He was also CEO and founding managing director of Aurelia Metals Limited (ASX: AMI), which turned from a New South Wales junior explorer to a profitable gold and base metals production business.

He also led the team to the significant discovery of Tomingley gold deposit in 2001 and McPhillamy’s gold deposit in 2006.

Mr Justin Barton – Company Secretary

Mr Justin Barton is a Chartered Accountant with extensive knowledge in accounting, M&A international finance, and the mining industry. He has years of experience in providing advisory services to leading oil & gas and mining companies and financial institutions, including Chevron, Rio Tinto, Macquarie and Merrill Lynch to mention few.

The company is expected to be lucrative in the near future, courtesy to its elite and well-experienced management and Board, with vast experience from geology to transforming exploration companies to producing ones. The project areas held by the company consist of commodities such as copper, nickel, cobalt, lithium, vanadium and gold.

Demand for copper, nickel, cobalt and lithium is expected to increase in future, on the back of growing focus on electric vehicles (EVs), whereas vanadium is the latest exotic material to feel the short crunches in future due to the already existing gap of supply to the steel sector as well as breakthrough innovation in battery technology, i.e. vanadium redox flow battery (VRFB).

Lastly, high-grade gold of GTE, the safe-haven investment commodity, remains the highly needed commodity, tested with time and future uncertainty.

Good Read: Equity Charmer, Gold’s 2020 Outlook

Stock Price Information – The stock of Great Western Exploration last traded at $0.003 on 30^th December 2019, with a market cap of $3.76 million.

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